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20121114
20121114
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, will they have to buy more? does the central bank see it self as a safety net position if congress and washington are as irresponsibilit irresponsibilityable as they are? >> i do not see us as that safety net. if we keep violating that, then we have bad policy. there is a limit. we have to discuss what that limit is. i haven't been in favor of that. i have lost that argument. but we can't continue down the road of infinite expansion of policy. he gives these guys the position of what not to do. it has been the great enableler. >> we have done our duty. inflation right now is under control and expectations are under control. i'm fully confident in arguing that. the second mandate larry is we need to create the conditions for full employment and that is where we get into a deep trap where we go on forever. if we do -- >> let me ask you today. vice chair janet young. one of the things that she said. she believes based on various computer models that the target rate should be early 2016, that is the longest out there. what do you make of that? early 2016. each of us has an opinion. she is speaking fo
Search Results 0 to 0 of about 1